Source: European Supermarket Magazine

REWE Group: REWE Group Launches Payment Technology Unit, Paymenttools

Germany's REWE Group has announced the launch of, a payment technology subsidiary to drive its digital business. Based in Cologne, the company will develop B2B payment platform for the retailer's customers and partners. Paymenttools With 'paymenttools' REWE Group will be offering a payment platform for digital and stationary grocery shopping and travel, as well as payment from a single source. The group has been operating its own payment network successfully and profitably for nine years. "With the establishment of paymenttools, we are now accompanying all stages of the omnichannel customer journey. As the only grocery retailer in Germany, we have a complete ecosystem from ordering through delivery to payment," said Jan Kunath, deputy CEO of REWE Group. "We inspire our customers and partners with the highest level of convenience and security. From a strategic point of view, paymenttools is an important step with regard to our diversification strategy," added...

Read full article »
Est. Annual Revenue
Est. Employees
Lionel Souque's photo - CEO of REWE Group


Lionel Souque

CEO Approval Rating


Read more